WorksheetsQuiz-1
Total questions: 8
Worksheet time: 4mins
Management is defined as:
An Art
A Science
Both Art and Science
None of the above
What is centralisation?
Retention of decision making authority
Dispersal of decision making authority
Creating division as a profit centre
Opening the new centre of branches
Competition among businesses hurts the consumer.
True
False
In a market economy, economic decisions are made by the market place.
True
False
Which item does not cause any business risk?
Breakdown of machinery
Efficient machinery
Riot
Changing government policy
A creative ________, he was continually dreaming up new projects.
trader
merchant
entreprenuer
seller
Who is an entrepreneur?
someone who works for a large company
someone who studies business in University
someone who starts their own business
Someone who starts, operates and assumes the risk of a business is known as an...
Investor
Interest person
Entrepreneur
Business inventor
